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Egyptian startup Convertedin raises $3M, caters to e-commerce brands in MENA and Latin America

TechCrunch

Convertedin , an Egyptian startup that operates a marketing operating system for e-commerce brands, has raised $3 million in a seed round led by Saudi Arabia-headquartered Merak Capital. If you went back to IKEA for that product, we can calculate the cost of online conversion,” the chief executive said in the interview.

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Sequoia Capital India, STV back Dubai-based BNPL provider tabby in $54M extension round

TechCrunch

Its two main markets are Saudi Arabia and the UAE. Arab said Saudi Arabia commands the lion’s share of the company’s transaction volume, driven by solid consumer adoption and increasing online transactions. And so with that, we know the direction that we’re taking the business forward.

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Singapore-based Volopay accelerates APAC and MENA expansion with $29M Series A

TechCrunch

Volopay, founded by Shaji and the startup’s chief technology officer Rajesh Raikwar , wants to disrupt traditional business banking and offer companies a control center for all their financial management needs without the hassle and limitation of a traditional bank. . The executive did not provide Volopay’s valuation. .

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Apple, Samsung partner Servify raises $65 million for its devices after-sales and management platform

TechCrunch

Canada, Saudi Arabia and Turkey, plans to expand to Latin America this financial year and is also exploring a debut in Japan, said Sreevathsa Prabhakar, founder and chief executive officer of the startup, in an interview. Business outlook. Servify , which is operational in over 40 countries, including India, the U.S.,

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Welcome to Q2, Equity family

TechCrunch

Hello and welcome back to Equity , the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. And then this a16z-Saudi Arabia thing that was a bit weird to chat about, but we took a stab at regardless. Today’s recording was the first of our Q2 run.

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SWVL plans to lay off 32% of its team two months after going public

TechCrunch

It’s been a very busy 18 months for SWVL leading up to this news. SWVL is present in 13 markets globally: the UAE, Egypt, Kenya, Germany, Spain, Italy, Switzerland, Turkey, Japan, Argentina, Saudi Arabia, Jordan and Pakistan. – B2C business is also expected to be contribution margin positive before the end of 2022.

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Tunisian edtech startup GOMYCODE raises $8M to expand across Africa and the Middle East

TechCrunch

Amine was struggling to find higher web developers,” CEO Yahya Bouhlel told TechCrunch in an interview. “So The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and Saudi Arabia. “At that time, I had just graduated from high school and I had a free summer.

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